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Regional and Outward Economic Integration in South-East Asia
Weber, Enzo - Volkswirtschaftliche Fakultät, … - 2007
in the GDPs. According tests for cointegration and common serial correlation features reveal a high degree of coherence …
Persistent link: https://www.econbiz.de/10005260242
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Shocks and rigidities as determinants of CEE labor markets' performance. A panel SVECM approach
Bukowski, Maciej; Koloch, Grzegorz; Lewandowski, Piotr - Volkswirtschaftliche Fakultät, … - 2008
In this paper the dynamic responses of labor markets to macroeconomic shocks in eight CEE countries are empirically analyzed in panel SVECM. Identification of shocks, interpreted as real wage, productivity, labor demand and supply shocks, is based on DSGE model with labor market explicitly...
Persistent link: https://www.econbiz.de/10005835482
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Relationship between inflation, unemployment and labor force change rate in France: cointegration test
Kitov, Ivan; Kitov, Oleg; Dolinskaya, Svetlana - Volkswirtschaftliche Fakultät, … - 2007
and 2004. The relationship is tested for cointegration. All three variables involved in the relationship are proved to be … integrated of order one. Two methods of cointegration testing are used. First is the Engle-Granger approach based on the unit … Johansen cointegration rank test based on a VAR representation, which is also proved to be an adequate one via a set of …
Persistent link: https://www.econbiz.de/10005835964
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Inflation as a function of labor force change rate: cointegration test for the USA
Kitov, Ivan; Kitov, Oleg; Dolinskaya, Svetlana - Volkswirtschaftliche Fakultät, … - 2007
) and has a perfect parsimony - only one predictor. The relationship is tested for cointegration. Both variables are … methods of cointegration testing are applied - the Engle-Granger one based on the unit root test of the residuals including a … variety of specification tests and the Johansen cointegration rank test based on the VAR representation. Both approaches …
Persistent link: https://www.econbiz.de/10005836346
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Time Series Analysis of Macroeconomic Conditions in Open Economies
Barja, Gover - Volkswirtschaftliche Fakultät, … - 1995
cointegration with bootstrap algorithms (A Bootstrap Evaluation of Cointegration). The third study seeks to explain the observed … persistence in the Bolivian dollarization process where model parameters of the Johansen’s approach to cointegration are also …
Persistent link: https://www.econbiz.de/10011170141
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Characterizing economic trends by Bayesian stochastic model specifi cation search
Grassi, Stefano; Proietti, Tommaso - Volkswirtschaftliche Fakultät, … - 2010
We apply a recently proposed Bayesian model selection technique, known as stochastic model specification search, for characterising the nature of the trend in macroeconomic time series. We illustrate that the methodology can be quite successfully applied to discriminate between stochastic and...
Persistent link: https://www.econbiz.de/10008468145
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New Evidence on Balanced Growth, Stochastic Trends, and Economic Fluctuations
Whelan, Karl - Volkswirtschaftliche Fakultät, … - 2006
The one-sector Solow-Ramsey growth model informs how most modern researchers characterize macroeconomic trends and cycles, and evidence supporting the model's balanced growth predictions is often cited. This paper shows, however, that the inclusion of recent data leads to the balanced growth...
Persistent link: https://www.econbiz.de/10005260127
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Business Cycle Synchronisation in EU : A Time-Varying Approach
Degiannakis, Stavros Antonios - 2018
This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member-countries based on Scalar-BEKK and multivariate Riskmetrics model frameworks for the period 1980-2012. The paper provides evidence that changes in the business cycle...
Persistent link: https://www.econbiz.de/10012910120
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Fiscal discretion, growth and output volatility in new EU member countries
Stanova, Nadja - Volkswirtschaftliche Fakultät, … - 2015
This paper analyses the link between discretionary fiscal policy and output growth in ten CEE countries. Three aspects are considered: cyclical pattern in the fiscal discretion, contributions to GDP growth, and the link between policy aggressiveness and output volatility. Fiscal discretion is...
Persistent link: https://www.econbiz.de/10011267878
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Structural Time Series Models for Business Cycle Analysis
Proietti, Tommaso - Volkswirtschaftliche Fakultät, … - 2008
The chapter deals with parametric models for the measurement of the business cycle in economic time series. It presents univariate methods based on parametric trend{cycle decom- positions and multivariate models featuring a Phillips type relationship between the output gap and inflation and the...
Persistent link: https://www.econbiz.de/10005260215